If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
Check out these videos for more details about supply and demand:
Demand
https://www.youtube.com/watch?v=LwLh6ax0zTE&t=2s
Supply
https://www.youtube.com/watch?v=ewPNugIqCUM
Shifting
https://www.youtube.com/watch?v=V0tIOqU7m-c&t=53s
Stop in the Name of Love
https://www.youtube.com/watch?v=NWfmXY8VjU0
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

published:13 Sep 2017

views:122286

This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 12 problem #8. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

published:06 Nov 2013

views:13770

If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative advantage, and find a terms of trade that both countries would voluntarily agree to. The second half of the video is an additional practice questions where I quickly go over the answers. I also added the answers below if you are in a hurry. Thank you for watching, please subscribe.
Additional Multiple ChoiceQuestions
https://www.youtube.com/watch?v=WLfOZz-_JMY&t=6s
Unit 1 Summary Video (includes quick and dirty trick)
https://www.youtube.com/watch?v=JBHbwtzHfDg
ANSWERS
Situation #1 (5:30)
The US can produce 20 planes or 2 cruise ships
France can produce 12 planes or 2 cruise ships
-The US has an ABSOLUTE ADVANTAGE in planes
-Neither has an ABSOLUTE ADVANTAGE in cruise ships
-For the US, 1 plane costs 1/10 cruise ship and 1 ship costs 10 planes
-For France, 1 plane costs 1/6 cruise ship and 1 ship costs 6 planes
-US has COMPARATIVE ADVANTAGE in planes
-France has COMPARATIVE ADVANTAGE in cruise ships
-Terms of trade: 1 Cruise Ship for 7 PlanesSituation #2 (11:12)
Korea can produce 3 cars or 9 motorcycles
Germany can produce 4 cars or 8 motorcycles
-Germany has an ABSOLUTE ADVANTAGE in cars
-Korea has an ABSOLUTE ADVANTAGE in motorcycles
-For Korea, 1 car costs 3 motorcycles and 1 motorcycle costs 1/3 car
-For Germany, 1 car costs 2 motorcycles and 1 motorcycle costs 1/2 car
-Germany has COMPARATIVE ADVANTAGE in cars
-Korea has COMPARATIVE ADVANTAGE in motorcycles
-Terms of trade: 1 Car for 2.5 Motorcycles
Situation #3 (13:22)
Japan can produce 4 laptops or 12 phones
Brazil can produce 1 laptops or 5 phones
-Japan has an ABSOLUTE ADVANTAGE in laptops
-Japan has an ABSOLUTE ADVANTAGE in phones
-For Japan, 1 laptop costs 3 phones and 1 phone costs 1/3 laptop
-For Brazil, 1 laptop costs 5 phones and 1 phone costs 1/5 laptop
-Japan has COMPARATIVE ADVANTAGE in laptops
-Brazil has COMPARATIVE ADVANTAGE in phones
-Terms of trade: 1 Laptop for 4 Phones
Situation #4 (16:08)
Cuba takes 4hrs to make a TV and 12hrs to make salsa
Mexico takes 1hr to make a TV and 5hrs to make salsa
-Mexico has an ABSOLUTE ADVANTAGE in TVs
-Mexico has an ABSOLUTE ADVANTAGE in Salsa
-For Cuba, 1 TV costs 1/3 salsa and 1 salsa costs 3 TVs
-For Mexico, 1 TV costs 1/5 salsa and 1 salsa costs 5 TVs
-Mexico has COMPARATIVE ADVANTAGE in TVs
-Cuba has COMPARATIVE ADVANTAGE in salsa
-Terms of trade: 1 salsa for 2.5 TVs
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Follow me on Twitter
https://twitter.com/acdcleadership

published:29 Aug 2017

views:180014

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

published:27 Feb 2016

views:441900

Suhail Nathani, Partner, Economic LawsPractice in conversation with Payal Bhattar, PINGNetwork talks about the three things that could change the regulatory environment of India in a dramatic way and he also shares his views on should the regulations be tuned in so that the VUCA environment be in existence.

published:04 Dec 2014

views:12731

Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can be emotional or social reasons for all this irrationality, and behavioral economics tries to address this. We'll talk about risk, nudge theory, prices and perception, and the ultimatum game. So, let's get irrational, in a logical way, of course.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

published:12 Mar 2016

views:369107

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 4 problem #13. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

published:16 Sep 2013

views:5495

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries. Ben Rhodes, Former US Deputy National Security Advisor and Dr. Tao Wang, Chief China Economist at UBS discuss the economic and geopolitical ramifications of potential US protectionism.
Watch Protectionism in Practice: examining the economic impact of tariffs on the Transact hubpage: http://bit.ly/2rhZMe0
This video was produced by FT², the advertising department of the Financial Times. The news and editorial staff of the Financial Times had no role in its preparation.

published:12 Jun 2017

views:34485

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words used to discuss economic matters, such as GDP, stagnation, fiscal, and more. These words and expressions will help you read financial news articles and follow economic reports on television and online. After the lesson, take the quiz and try to practice these words by discussing economic matters in English with your co-workers and friends. Feel free to ask me questions in the comments section on engVid. http://www.engvid.com/english-vocabulary-how-to-talk-about-the-economy/
TRANSCRIPT
Hi. Welcome back to www.engvid.com. I'm Adam. Today's lesson, we're going to look at business English. We're going to talk about the economy. Now, we're not going to get into too much detail. We're not going to get into economic theories, etc. What we're going to look at is some vocabulary that will help you read financial articles and newspapers, or online, or watch financial broadcasts on TV; CNN, MoneyMatters, etc., things like that. So, we're going to look at all these words.
We're going to start with "GDP" because everything somehow relates to "GDP - gross domestic product". What is this? This is the total value, the total monetary value of goods and services produced within a country. So everything that the country produces from toilet paper to airplanes, and services from massage to heart surgery, all the money that's made from these goods and services together adds up to the GDP. So, when we're talking about GDP, we're going to refer back to this expression when we're talking about some of these other words.
So, first, let's look at "fiscal". "Fiscal" basically means anything to do with money, anything to do with financial matters, especially when we're talking about taxes. Okay? So, when... The most common thing you'll hear is "fiscal year". So when we're talking about a company's fiscal year, we're talking about it's the beginning of its tax year to the end of its tax year. In some countries, everybody matches this to January to December; in other countries, you're allowed... Your fiscal year starts when you start your business, and then one year later is the end of your fiscal year. It's easier to match it to the calendar year, but...
A "quarter". Now, you're going to always hear about prices, and stocks, and values going up or down over the last quarter or over the last two quarters. What is a "quarter"? It's basically three months. So if you're talking about the first quarter of the year, you're talking about January, February, March. That's your first quarter. Your next three months, second quarter. Four quarters makes one year.
"Currency". I think everybody knows this word, but just in case, this is the money that is used in a country or a region. This is the monetary value that is used for exchanges, trades, investments, etc. In Canada, we use the Canadian dollar. In theU.S., they use the American dollar. Euro in Europe, etc.
A "budget". A "budget" or "to budget", it can be a noun or a verb, means to make a plan on how to spend a certain amount of money. So, for example, a government has this much money that they need to spend, or they have a plan that they want to spend this much money. Now, they want to spend a million dollars. I'm being very simple, here; I'm not going to get into big numbers. They need to spend a million dollars to provide all the services that they need and to buy all the materials that they need to import, etc. If they are running on a deficit, that means that they need to spend more money than they have. They have to spend on things to bring in or to run the country, but they don't have. So if I need to spend a million dollars but I only make the revenues of the country are only $900,000, then they will run on $100,000 deficit. Okay?
"Surplus" is the opposite. "Surplus" is when the government or any company, you don't have to apply this to a government, when you have more money than you need for the budget. So if I need to spend a million dollars over the next year, but I have a million and a half, then I have half a million dollar surplus, which is always a good thing.
"Inflation/deflation". "Inflation" is when prices of goods and services go up, but wages stay the same. So, basically, the purchase power of the individual goes down. You have the same amount of money, but you can buy fewer things or you can hire fewer people to do to have services for you. "Deflation" is the opposite. That's when prices go down, and the value of your dollar or your currency goes up. Both situations are not good.

published:17 Dec 2015

views:302832

Difference between a firm's accounting and economic profit
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/v/depreciation-and-opportunity-cost-of-capital?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji

Crash Course

Plot

Crash Course centers on a group of high schoolers in a driver’s education class; many for the second or third time. The recently divorced teacher, super-passive Larry Pearl, is on thin ice with the football fanatic principal, Principal Paulson, who is being pressured by the district superintendent to raise driver’s education completion rates or lose his coveted football program. With this in mind, Principal Paulson and his assistant, with a secret desire for his job, Abner Frasier, hire an outside driver’s education instructor with a very tough reputation, Edna Savage, aka E.W. Savage, who quickly takes control of the class.

The plot focuses mostly on the students and their interactions with their teachers and each other. In the beginning, Rico is the loner with just a few friends, Chadley is the bookish nerd with few friends who longs to be cool and also longs to be a part of Vanessa’s life who is the young, friendly and attractive girl who had to fake her mother’s signature on her driver’s education permission slip. Kichi is the hip-hop Asian kid who often raps what he has to say and constantly flirts with Maria, the rich foreign girl who thinks that the right-of-way on the roadways always goes to (insert awesomely fake foreign Latino accent) “my father’s limo”. Finally you have stereotypical football meathead J.J., who needs to pass his English exam to keep his eligibility and constantly asks out and gets rejected by Alice, the tomboy whose father owns “Santini & Son” Concrete Company. Alice is portrayed as being the “son” her father wanted.

Crash Course (YouTube)

Crash Course (sometimes stylized as CrashCourse) is an educational YouTube channel started by the Green brothers, Hank Green and John Green, who are notable for their VlogBrothers channel. Originally, John and Hank presented humanities and science courses to viewers, respectively, although the series has since expanded to incorporate courses by additional hosts.

Crash Course was one of the 100 initial channels of YouTube's $100 million original channel initiative. Crash Course launched a preview on December 2, 2011. As of February 14, 2016, the Crash Course YouTube channel has gotten 3,947,842 subscribers and has received over 300 million video views. In November 2014, Hank Green announced that a partnership with PBS Digital Studios would allow them to produce more courses, starting in January 2015.

Currently there are fourteen seasons of Crash Course, with Hank and John each hosting five. Together with Emily Graslie, they co-hosted Big History. As part of the PBS partnership, Phil Plait and Craig Benzine have hosted series about Astronomy and U.S. Government and Politics, respectively. A second channel, Crash Course Kids, is hosted by Sabrina Cruz and has started its first series, Science.

As an artist, Marshall was the only American artist of 73 global artists to be chosen to design and paint a life sized cow statue of the Tokyo installation of the international art exhibition of the “CowParade” in 2008. He is the designer and creator of “Producer’s Puzzle,” the annual award given to the Broadway Global Producer of the year since it’s inception in 2012.

Steve Marshall (writer)

Steve Marshall (born July 19, 1943) is a writer and producer for film and television. He began his entertainment career in radio, rising to the level of program director of the CBS-owned KNX-FM in Los Angeles in the early '70s.

After a number of years in radio, Marshall wrote a script on spec for the CBS television series WKRP in Cincinnati. The producers of the show bought the script and put Marshall on staff. During his three years with the series, he wrote many of its episodes and eventually teamed up with another WKRP writer, Dan Guntzelman. After the cancellation of the series, Marshall and Guntzelman executive produced the All in the Family spin-off, Gloria, with Sally Struthers and Burgess Meredith. The series aired on CBS during the 1982-83 season and was soon canceled.

Marshall and his partner then created a short lived series for ABC titled Off the Rack, starring Edward Asner and Eileen Brennan, which only ran for seven episodes before being canceled. Under contract as writer/producers to Warner Bros. Television, the two were asked to take over the running of the studio's new series, Growing Pains. They kept the series in the Nielsen top 20 for most of its seven-year run, also creating a spin-off series for ABC, Just the Ten of Us. That series was canceled after two seasons, at which point Marshall and Guntzelman left Growing Pains in 1992 and went their separate ways.

Storyline and characters

The show starred Kellie Martin as Christy Huddleston, a new teacher arriving to the fictional Appalachian village of Cutter Gap, Tennessee, in 1912. The villagers have old-fashioned ways. For example, they maintain rules and vengeances similar to the Highland clans of old Scotland. They also have a strong belief in folk medicine. At the same time many of their ways are portrayed in an idealized fashion as well. The show emphasized their culture by making Christy, and most of the main cast, outsiders in one fashion or the other. These "outsiders" included a minister, David Grantland (played by Randall Batinkoff); and Quaker missionary woman Alice Henderson, played by Tyne Daly. The television show maintained the book's romance novel element by showing Christy drawn both to the minister and the doctor.

Supply and Demand Practice

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
Check out these videos for more details about supply and demand:
Demand
https://www.youtube.com/watch?v=LwLh6ax0zTE&t=2s
Supply
https://www.youtube.com/watch?v=ewPNugIqCUM
Shifting
https://www.youtube.com/watch?v=V0tIOqU7m-c&t=53s
Stop in the Name of Love
https://www.youtube.com/watch?v=NWfmXY8VjU0
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 12 problem #8. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

19:01

Comparative Advantage Practice

Comparative Advantage Practice

Comparative Advantage Practice

If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative advantage, and find a terms of trade that both countries would voluntarily agree to. The second half of the video is an additional practice questions where I quickly go over the answers. I also added the answers below if you are in a hurry. Thank you for watching, please subscribe.
Additional Multiple ChoiceQuestions
https://www.youtube.com/watch?v=WLfOZz-_JMY&t=6s
Unit 1 Summary Video (includes quick and dirty trick)
https://www.youtube.com/watch?v=JBHbwtzHfDg
ANSWERS
Situation #1 (5:30)
The US can produce 20 planes or 2 cruise ships
France can produce 12 planes or 2 cruise ships
-The US has an ABSOLUTE ADVANTAGE in planes
-Neither has an ABSOLUTE ADVANTAGE in cruise ships
-For the US, 1 plane costs 1/10 cruise ship and 1 ship costs 10 planes
-For France, 1 plane costs 1/6 cruise ship and 1 ship costs 6 planes
-US has COMPARATIVE ADVANTAGE in planes
-France has COMPARATIVE ADVANTAGE in cruise ships
-Terms of trade: 1 Cruise Ship for 7 PlanesSituation #2 (11:12)
Korea can produce 3 cars or 9 motorcycles
Germany can produce 4 cars or 8 motorcycles
-Germany has an ABSOLUTE ADVANTAGE in cars
-Korea has an ABSOLUTE ADVANTAGE in motorcycles
-For Korea, 1 car costs 3 motorcycles and 1 motorcycle costs 1/3 car
-For Germany, 1 car costs 2 motorcycles and 1 motorcycle costs 1/2 car
-Germany has COMPARATIVE ADVANTAGE in cars
-Korea has COMPARATIVE ADVANTAGE in motorcycles
-Terms of trade: 1 Car for 2.5 Motorcycles
Situation #3 (13:22)
Japan can produce 4 laptops or 12 phones
Brazil can produce 1 laptops or 5 phones
-Japan has an ABSOLUTE ADVANTAGE in laptops
-Japan has an ABSOLUTE ADVANTAGE in phones
-For Japan, 1 laptop costs 3 phones and 1 phone costs 1/3 laptop
-For Brazil, 1 laptop costs 5 phones and 1 phone costs 1/5 laptop
-Japan has COMPARATIVE ADVANTAGE in laptops
-Brazil has COMPARATIVE ADVANTAGE in phones
-Terms of trade: 1 Laptop for 4 Phones
Situation #4 (16:08)
Cuba takes 4hrs to make a TV and 12hrs to make salsa
Mexico takes 1hr to make a TV and 5hrs to make salsa
-Mexico has an ABSOLUTE ADVANTAGE in TVs
-Mexico has an ABSOLUTE ADVANTAGE in Salsa
-For Cuba, 1 TV costs 1/3 salsa and 1 salsa costs 3 TVs
-For Mexico, 1 TV costs 1/5 salsa and 1 salsa costs 5 TVs
-Mexico has COMPARATIVE ADVANTAGE in TVs
-Cuba has COMPARATIVE ADVANTAGE in salsa
-Terms of trade: 1 salsa for 2.5 TVs
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Follow me on Twitter
https://twitter.com/acdcleadership

10:17

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

9:41

Suhail Nathani, Partner, Economic Laws Practice

Suhail Nathani, Partner, Economic Laws Practice

Suhail Nathani, Partner, Economic Laws Practice

Suhail Nathani, Partner, Economic LawsPractice in conversation with Payal Bhattar, PINGNetwork talks about the three things that could change the regulatory environment of India in a dramatic way and he also shares his views on should the regulations be tuned in so that the VUCA environment be in existence.

10:34

Behavioral Economics: Crash Course Economics #27

Behavioral Economics: Crash Course Economics #27

Behavioral Economics: Crash Course Economics #27

Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can be emotional or social reasons for all this irrationality, and behavioral economics tries to address this. We'll talk about risk, nudge theory, prices and perception, and the ultimatum game. So, let's get irrational, in a logical way, of course.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 4 problem #13. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

2:41

Protectionism in Practice: examining the economic impact of tariffs

Protectionism in Practice: examining the economic impact of tariffs

Protectionism in Practice: examining the economic impact of tariffs

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries. Ben Rhodes, Former US Deputy National Security Advisor and Dr. Tao Wang, Chief China Economist at UBS discuss the economic and geopolitical ramifications of potential US protectionism.
Watch Protectionism in Practice: examining the economic impact of tariffs on the Transact hubpage: http://bit.ly/2rhZMe0
This video was produced by FT², the advertising department of the Financial Times. The news and editorial staff of the Financial Times had no role in its preparation.

9:40

English Vocabulary: How to talk about the economy

English Vocabulary: How to talk about the economy

English Vocabulary: How to talk about the economy

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words used to discuss economic matters, such as GDP, stagnation, fiscal, and more. These words and expressions will help you read financial news articles and follow economic reports on television and online. After the lesson, take the quiz and try to practice these words by discussing economic matters in English with your co-workers and friends. Feel free to ask me questions in the comments section on engVid. http://www.engvid.com/english-vocabulary-how-to-talk-about-the-economy/
TRANSCRIPT
Hi. Welcome back to www.engvid.com. I'm Adam. Today's lesson, we're going to look at business English. We're going to talk about the economy. Now, we're not going to get into too much detail. We're not going to get into economic theories, etc. What we're going to look at is some vocabulary that will help you read financial articles and newspapers, or online, or watch financial broadcasts on TV; CNN, MoneyMatters, etc., things like that. So, we're going to look at all these words.
We're going to start with "GDP" because everything somehow relates to "GDP - gross domestic product". What is this? This is the total value, the total monetary value of goods and services produced within a country. So everything that the country produces from toilet paper to airplanes, and services from massage to heart surgery, all the money that's made from these goods and services together adds up to the GDP. So, when we're talking about GDP, we're going to refer back to this expression when we're talking about some of these other words.
So, first, let's look at "fiscal". "Fiscal" basically means anything to do with money, anything to do with financial matters, especially when we're talking about taxes. Okay? So, when... The most common thing you'll hear is "fiscal year". So when we're talking about a company's fiscal year, we're talking about it's the beginning of its tax year to the end of its tax year. In some countries, everybody matches this to January to December; in other countries, you're allowed... Your fiscal year starts when you start your business, and then one year later is the end of your fiscal year. It's easier to match it to the calendar year, but...
A "quarter". Now, you're going to always hear about prices, and stocks, and values going up or down over the last quarter or over the last two quarters. What is a "quarter"? It's basically three months. So if you're talking about the first quarter of the year, you're talking about January, February, March. That's your first quarter. Your next three months, second quarter. Four quarters makes one year.
"Currency". I think everybody knows this word, but just in case, this is the money that is used in a country or a region. This is the monetary value that is used for exchanges, trades, investments, etc. In Canada, we use the Canadian dollar. In theU.S., they use the American dollar. Euro in Europe, etc.
A "budget". A "budget" or "to budget", it can be a noun or a verb, means to make a plan on how to spend a certain amount of money. So, for example, a government has this much money that they need to spend, or they have a plan that they want to spend this much money. Now, they want to spend a million dollars. I'm being very simple, here; I'm not going to get into big numbers. They need to spend a million dollars to provide all the services that they need and to buy all the materials that they need to import, etc. If they are running on a deficit, that means that they need to spend more money than they have. They have to spend on things to bring in or to run the country, but they don't have. So if I need to spend a million dollars but I only make the revenues of the country are only $900,000, then they will run on $100,000 deficit. Okay?
"Surplus" is the opposite. "Surplus" is when the government or any company, you don't have to apply this to a government, when you have more money than you need for the budget. So if I need to spend a million dollars over the next year, but I have a million and a half, then I have half a million dollar surplus, which is always a good thing.
"Inflation/deflation". "Inflation" is when prices of goods and services go up, but wages stay the same. So, basically, the purchase power of the individual goes down. You have the same amount of money, but you can buy fewer things or you can hire fewer people to do to have services for you. "Deflation" is the opposite. That's when prices go down, and the value of your dollar or your currency goes up. Both situations are not good.

8:06

Economic profit vs accounting profit | Microeconomics | Khan Academy

Economic profit vs accounting profit | Microeconomics | Khan Academy

Economic profit vs accounting profit | Microeconomics | Khan Academy

Difference between a firm's accounting and economic profit
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/v/depreciation-and-opportunity-cost-of-capital?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

Production Possibilities Curve- Econ 1.1

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji

Micro Unit 1 Summary- Basic Economic Concepts

The MicroUnit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my UltimateReviewPacket. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
The Ultimate Review Packet
https://www.youtube.com/watch?v=SxBL54a3-QQ
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

13:43

Macroeconomics: Crash Course Economics #5

Macroeconomics: Crash Course Economics #5

Macroeconomics: Crash Course Economics #5

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, EricKitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, ElliotBeter, Jeffrey Thompson, Ian Dundore, StephenLawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

Supply and Demand Practice

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
Check out these videos for more details about supply and demand:
Demand
https://www.youtube.com/watch?v=LwLh6ax0zTE&t=2s
Supply
https://www.youtube.com/watch?v=ewPNugIqCUM
Shifting
https://www.youtube.com/watch?v=V0tIOqU7m-c&t=53s
Stop in the Name of Love
https://www.youtube.com/watch?v=NWfmXY...

This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 12 problem #8. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmode...

published: 06 Nov 2013

Comparative Advantage Practice

If you want to skip the lesson and just practice go to 10:48. I spend the first have of the video explaining how to identify which country has an absolute advantage, calculate opportunity cost, identify which country has a comparative advantage, and find a terms of trade that both countries would voluntarily agree to. The second half of the video is an additional practice questions where I quickly go over the answers. I also added the answers below if you are in a hurry. Thank you for watching, please subscribe.
Additional Multiple ChoiceQuestions
https://www.youtube.com/watch?v=WLfOZz-_JMY&t=6s
Unit 1 Summary Video (includes quick and dirty trick)
https://www.youtube.com/watch?v=JBHbwtzHfDg
ANSWERS
Situation #1 (5:30)
The US can produce 20 planes or 2 cruise ships
France can produce ...

published: 29 Aug 2017

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica...

published: 27 Feb 2016

Suhail Nathani, Partner, Economic Laws Practice

Suhail Nathani, Partner, Economic LawsPractice in conversation with Payal Bhattar, PINGNetwork talks about the three things that could change the regulatory environment of India in a dramatic way and he also shares his views on should the regulations be tuned in so that the VUCA environment be in existence.

published: 04 Dec 2014

Behavioral Economics: Crash Course Economics #27

Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can be emotional or social reasons for all this irrationality, and behavioral economics tries to address this. We'll talk about risk, nudge theory, prices and perception, and the ultimatum game. So, let's get irrational, in a logical way, of course.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Sc...

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 4 problem #13. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumbl...

published: 16 Sep 2013

Protectionism in Practice: examining the economic impact of tariffs

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries. Ben Rhodes, Former US Deputy National Security Advisor and Dr. Tao Wang, Chief China Economist at UBS discuss the economic and geopolitical ramifications of potential US protectionism.
Watch Protectionism in Practice: examining the economic impact of tariffs on the Transact hubpage: http://bit.ly/2rhZMe0
This video was produced by FT², the advertising department of the Financial Times. The news and editorial staff of the Financial Times had no role in its preparation.

published: 12 Jun 2017

English Vocabulary: How to talk about the economy

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words used to discuss economic matters, such as GDP, stagnation, fiscal, and more. These words and expressions will help you read financial news articles and follow economic reports on television and online. After the lesson, take the quiz and try to practice these words by discussing economic matters in English with your co-workers and friends. Feel free to ask me questions in the comments section on engVid. http://www.engvid.com/english-vocabulary-how-to-talk-about-the-economy/
TRANSCRIPT
Hi. Welcome back to www.engvid.com. I'm Adam. Today's lesson, we're going to look at business English. We're going to talk about the economy. Now, we'...

Production Possibilities Curve- Econ 1.1

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji

Micro Unit 1 Summary- Basic Economic Concepts

The MicroUnit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my UltimateReviewPacket. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
The Ultimate Review Packet
https://www.youtube.com/watch?v=SxBL54a3-QQ
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

published: 07 Jan 2016

Macroeconomics: Crash Course Economics #5

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Jan Schmid, Simun Niclas...

Supply and Demand Practice

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give...

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
Check out these videos for more details about supply and demand:
Demand
https://www.youtube.com/watch?v=LwLh6ax0zTE&t=2s
Supply
https://www.youtube.com/watch?v=ewPNugIqCUM
Shifting
https://www.youtube.com/watch?v=V0tIOqU7m-c&t=53s
Stop in the Name of Love
https://www.youtube.com/watch?v=NWfmXY8VjU0
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
Check out these videos for more details about supply and demand:
Demand
https://www.youtube.com/watch?v=LwLh6ax0zTE&t=2s
Supply
https://www.youtube.com/watch?v=ewPNugIqCUM
Shifting
https://www.youtube.com/watch?v=V0tIOqU7m-c&t=53s
Stop in the Name of Love
https://www.youtube.com/watch?v=NWfmXY8VjU0
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from E...

This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 12 problem #8. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 12 problem #8. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and...

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

Suhail Nathani, Partner, Economic LawsPractice in conversation with Payal Bhattar, PINGNetwork talks about the three things that could change the regulatory environment of India in a dramatic way and he also shares his views on should the regulations be tuned in so that the VUCA environment be in existence.

Suhail Nathani, Partner, Economic LawsPractice in conversation with Payal Bhattar, PINGNetwork talks about the three things that could change the regulatory environment of India in a dramatic way and he also shares his views on should the regulations be tuned in so that the VUCA environment be in existence.

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomic...

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 4 problem #13. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 4 problem #13. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

Protectionism in Practice: examining the economic impact of tariffs

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is ...

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries. Ben Rhodes, Former US Deputy National Security Advisor and Dr. Tao Wang, Chief China Economist at UBS discuss the economic and geopolitical ramifications of potential US protectionism.
Watch Protectionism in Practice: examining the economic impact of tariffs on the Transact hubpage: http://bit.ly/2rhZMe0
This video was produced by FT², the advertising department of the Financial Times. The news and editorial staff of the Financial Times had no role in its preparation.

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries. Ben Rhodes, Former US Deputy National Security Advisor and Dr. Tao Wang, Chief China Economist at UBS discuss the economic and geopolitical ramifications of potential US protectionism.
Watch Protectionism in Practice: examining the economic impact of tariffs on the Transact hubpage: http://bit.ly/2rhZMe0
This video was produced by FT², the advertising department of the Financial Times. The news and editorial staff of the Financial Times had no role in its preparation.

English Vocabulary: How to talk about the economy

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words us...

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words used to discuss economic matters, such as GDP, stagnation, fiscal, and more. These words and expressions will help you read financial news articles and follow economic reports on television and online. After the lesson, take the quiz and try to practice these words by discussing economic matters in English with your co-workers and friends. Feel free to ask me questions in the comments section on engVid. http://www.engvid.com/english-vocabulary-how-to-talk-about-the-economy/
TRANSCRIPT
Hi. Welcome back to www.engvid.com. I'm Adam. Today's lesson, we're going to look at business English. We're going to talk about the economy. Now, we're not going to get into too much detail. We're not going to get into economic theories, etc. What we're going to look at is some vocabulary that will help you read financial articles and newspapers, or online, or watch financial broadcasts on TV; CNN, MoneyMatters, etc., things like that. So, we're going to look at all these words.
We're going to start with "GDP" because everything somehow relates to "GDP - gross domestic product". What is this? This is the total value, the total monetary value of goods and services produced within a country. So everything that the country produces from toilet paper to airplanes, and services from massage to heart surgery, all the money that's made from these goods and services together adds up to the GDP. So, when we're talking about GDP, we're going to refer back to this expression when we're talking about some of these other words.
So, first, let's look at "fiscal". "Fiscal" basically means anything to do with money, anything to do with financial matters, especially when we're talking about taxes. Okay? So, when... The most common thing you'll hear is "fiscal year". So when we're talking about a company's fiscal year, we're talking about it's the beginning of its tax year to the end of its tax year. In some countries, everybody matches this to January to December; in other countries, you're allowed... Your fiscal year starts when you start your business, and then one year later is the end of your fiscal year. It's easier to match it to the calendar year, but...
A "quarter". Now, you're going to always hear about prices, and stocks, and values going up or down over the last quarter or over the last two quarters. What is a "quarter"? It's basically three months. So if you're talking about the first quarter of the year, you're talking about January, February, March. That's your first quarter. Your next three months, second quarter. Four quarters makes one year.
"Currency". I think everybody knows this word, but just in case, this is the money that is used in a country or a region. This is the monetary value that is used for exchanges, trades, investments, etc. In Canada, we use the Canadian dollar. In theU.S., they use the American dollar. Euro in Europe, etc.
A "budget". A "budget" or "to budget", it can be a noun or a verb, means to make a plan on how to spend a certain amount of money. So, for example, a government has this much money that they need to spend, or they have a plan that they want to spend this much money. Now, they want to spend a million dollars. I'm being very simple, here; I'm not going to get into big numbers. They need to spend a million dollars to provide all the services that they need and to buy all the materials that they need to import, etc. If they are running on a deficit, that means that they need to spend more money than they have. They have to spend on things to bring in or to run the country, but they don't have. So if I need to spend a million dollars but I only make the revenues of the country are only $900,000, then they will run on $100,000 deficit. Okay?
"Surplus" is the opposite. "Surplus" is when the government or any company, you don't have to apply this to a government, when you have more money than you need for the budget. So if I need to spend a million dollars over the next year, but I have a million and a half, then I have half a million dollar surplus, which is always a good thing.
"Inflation/deflation". "Inflation" is when prices of goods and services go up, but wages stay the same. So, basically, the purchase power of the individual goes down. You have the same amount of money, but you can buy fewer things or you can hire fewer people to do to have services for you. "Deflation" is the opposite. That's when prices go down, and the value of your dollar or your currency goes up. Both situations are not good.

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words used to discuss economic matters, such as GDP, stagnation, fiscal, and more. These words and expressions will help you read financial news articles and follow economic reports on television and online. After the lesson, take the quiz and try to practice these words by discussing economic matters in English with your co-workers and friends. Feel free to ask me questions in the comments section on engVid. http://www.engvid.com/english-vocabulary-how-to-talk-about-the-economy/
TRANSCRIPT
Hi. Welcome back to www.engvid.com. I'm Adam. Today's lesson, we're going to look at business English. We're going to talk about the economy. Now, we're not going to get into too much detail. We're not going to get into economic theories, etc. What we're going to look at is some vocabulary that will help you read financial articles and newspapers, or online, or watch financial broadcasts on TV; CNN, MoneyMatters, etc., things like that. So, we're going to look at all these words.
We're going to start with "GDP" because everything somehow relates to "GDP - gross domestic product". What is this? This is the total value, the total monetary value of goods and services produced within a country. So everything that the country produces from toilet paper to airplanes, and services from massage to heart surgery, all the money that's made from these goods and services together adds up to the GDP. So, when we're talking about GDP, we're going to refer back to this expression when we're talking about some of these other words.
So, first, let's look at "fiscal". "Fiscal" basically means anything to do with money, anything to do with financial matters, especially when we're talking about taxes. Okay? So, when... The most common thing you'll hear is "fiscal year". So when we're talking about a company's fiscal year, we're talking about it's the beginning of its tax year to the end of its tax year. In some countries, everybody matches this to January to December; in other countries, you're allowed... Your fiscal year starts when you start your business, and then one year later is the end of your fiscal year. It's easier to match it to the calendar year, but...
A "quarter". Now, you're going to always hear about prices, and stocks, and values going up or down over the last quarter or over the last two quarters. What is a "quarter"? It's basically three months. So if you're talking about the first quarter of the year, you're talking about January, February, March. That's your first quarter. Your next three months, second quarter. Four quarters makes one year.
"Currency". I think everybody knows this word, but just in case, this is the money that is used in a country or a region. This is the monetary value that is used for exchanges, trades, investments, etc. In Canada, we use the Canadian dollar. In theU.S., they use the American dollar. Euro in Europe, etc.
A "budget". A "budget" or "to budget", it can be a noun or a verb, means to make a plan on how to spend a certain amount of money. So, for example, a government has this much money that they need to spend, or they have a plan that they want to spend this much money. Now, they want to spend a million dollars. I'm being very simple, here; I'm not going to get into big numbers. They need to spend a million dollars to provide all the services that they need and to buy all the materials that they need to import, etc. If they are running on a deficit, that means that they need to spend more money than they have. They have to spend on things to bring in or to run the country, but they don't have. So if I need to spend a million dollars but I only make the revenues of the country are only $900,000, then they will run on $100,000 deficit. Okay?
"Surplus" is the opposite. "Surplus" is when the government or any company, you don't have to apply this to a government, when you have more money than you need for the budget. So if I need to spend a million dollars over the next year, but I have a million and a half, then I have half a million dollar surplus, which is always a good thing.
"Inflation/deflation". "Inflation" is when prices of goods and services go up, but wages stay the same. So, basically, the purchase power of the individual goes down. You have the same amount of money, but you can buy fewer things or you can hire fewer people to do to have services for you. "Deflation" is the opposite. That's when prices go down, and the value of your dollar or your currency goes up. Both situations are not good.

Economic profit vs accounting profit | Microeconomics | Khan Academy

Difference between a firm's accounting and economic profit
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-econ...

Difference between a firm's accounting and economic profit
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/v/depreciation-and-opportunity-cost-of-capital?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

Difference between a firm's accounting and economic profit
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/v/depreciation-and-opportunity-cost-of-capital?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

Production Possibilities Curve- Econ 1.1

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you ...

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji

The MicroUnit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my UltimateReviewPacket. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
The Ultimate Review Packet
https://www.youtube.com/watch?v=SxBL54a3-QQ
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

The MicroUnit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my UltimateReviewPacket. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
The Ultimate Review Packet
https://www.youtube.com/watch?v=SxBL54a3-QQ
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
Follow me on Twitter
https://twitter.com/acdcleadership

Macroeconomics: Crash Course Economics #5

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and mon...

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, EricKitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, ElliotBeter, Jeffrey Thompson, Ian Dundore, StephenLawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
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Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, EricKitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, ElliotBeter, Jeffrey Thompson, Ian Dundore, StephenLawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

Supply and Demand Practice

If you need to practice supply and demand you came to the right place. In this videos I give a quick three minute overview of a competitive market and then give you eight practice questions. Your job is to figure how out how the demand, supply, price, and quantity will change. Be sure to pause the video and write down your answers then watch me explain the answers. Thank you for watching. Please let me know if this was helpful and leave a comment. Also, please subscribe. Thanks again. You rock!
Check out these videos for more details about supply and demand:
Demand
https://www.youtube.com/watch?v=LwLh6ax0zTE&t=2s
Supply
https://www.youtube.com/watch?v=ewPNugIqCUM
Shifting
https://www.youtube.com/watch?v=V0tIOqU7m-c&t=53s
Stop in the Name of Love
https://www.youtube.com/watch?v=NWfmXY8VjU0
Get the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH
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This video explains how to think about the difference between accounting profit and economic profit and shows how to calculate each. The problem is taken from Economics by Dean Karlan and Jonathan Morduch, and is Ch. 12 problem #8. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

Monopolies and Anti-Competitive Markets: Crash Course Economics #25

What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn't. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
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Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

Suhail Nathani, Partner, Economic Laws Practice

Suhail Nathani, Partner, Economic LawsPractice in conversation with Payal Bhattar, PINGNetwork talks about the three things that could change the regulatory environment of India in a dramatic way and he also shares his views on should the regulations be tuned in so that the VUCA environment be in existence.

This video shows how to calculate and graph an economic equilibrium based on demand and supply schedules. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 4 problem #13. See the "PracticeProblems" playlist for an archive of daily practice problems.
For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/
For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/
By Jodi Beggs - Economists Do It With Models
http://www.economistsdoitwithmodels.com
Facebook: http://www.facebook.com/economistsdoitwithmodels
Twitter: http://www.twitter.com/jodiecongirl
Tumblr: http://economistsdoitwithmodels.tumblr.com

Protectionism in Practice: examining the economic impact of tariffs

Visit to learn more: http://bit.ly/2rhZMe0
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries. Ben Rhodes, Former US Deputy National Security Advisor and Dr. Tao Wang, Chief China Economist at UBS discuss the economic and geopolitical ramifications of potential US protectionism.
Watch Protectionism in Practice: examining the economic impact of tariffs on the Transact hubpage: http://bit.ly/2rhZMe0
This video was produced by FT², the advertising department of the Financial Times. The news and editorial staff of the Financial Times had no role in its preparation.

English Vocabulary: How to talk about the economy

http://www.engvid.com Let's talk business! Today you'll learn vocabulary that will help you to read and speak about the economy. We will look at common words used to discuss economic matters, such as GDP, stagnation, fiscal, and more. These words and expressions will help you read financial news articles and follow economic reports on television and online. After the lesson, take the quiz and try to practice these words by discussing economic matters in English with your co-workers and friends. Feel free to ask me questions in the comments section on engVid. http://www.engvid.com/english-vocabulary-how-to-talk-about-the-economy/
TRANSCRIPT
Hi. Welcome back to www.engvid.com. I'm Adam. Today's lesson, we're going to look at business English. We're going to talk about the economy. Now, we're not going to get into too much detail. We're not going to get into economic theories, etc. What we're going to look at is some vocabulary that will help you read financial articles and newspapers, or online, or watch financial broadcasts on TV; CNN, MoneyMatters, etc., things like that. So, we're going to look at all these words.
We're going to start with "GDP" because everything somehow relates to "GDP - gross domestic product". What is this? This is the total value, the total monetary value of goods and services produced within a country. So everything that the country produces from toilet paper to airplanes, and services from massage to heart surgery, all the money that's made from these goods and services together adds up to the GDP. So, when we're talking about GDP, we're going to refer back to this expression when we're talking about some of these other words.
So, first, let's look at "fiscal". "Fiscal" basically means anything to do with money, anything to do with financial matters, especially when we're talking about taxes. Okay? So, when... The most common thing you'll hear is "fiscal year". So when we're talking about a company's fiscal year, we're talking about it's the beginning of its tax year to the end of its tax year. In some countries, everybody matches this to January to December; in other countries, you're allowed... Your fiscal year starts when you start your business, and then one year later is the end of your fiscal year. It's easier to match it to the calendar year, but...
A "quarter". Now, you're going to always hear about prices, and stocks, and values going up or down over the last quarter or over the last two quarters. What is a "quarter"? It's basically three months. So if you're talking about the first quarter of the year, you're talking about January, February, March. That's your first quarter. Your next three months, second quarter. Four quarters makes one year.
"Currency". I think everybody knows this word, but just in case, this is the money that is used in a country or a region. This is the monetary value that is used for exchanges, trades, investments, etc. In Canada, we use the Canadian dollar. In theU.S., they use the American dollar. Euro in Europe, etc.
A "budget". A "budget" or "to budget", it can be a noun or a verb, means to make a plan on how to spend a certain amount of money. So, for example, a government has this much money that they need to spend, or they have a plan that they want to spend this much money. Now, they want to spend a million dollars. I'm being very simple, here; I'm not going to get into big numbers. They need to spend a million dollars to provide all the services that they need and to buy all the materials that they need to import, etc. If they are running on a deficit, that means that they need to spend more money than they have. They have to spend on things to bring in or to run the country, but they don't have. So if I need to spend a million dollars but I only make the revenues of the country are only $900,000, then they will run on $100,000 deficit. Okay?
"Surplus" is the opposite. "Surplus" is when the government or any company, you don't have to apply this to a government, when you have more money than you need for the budget. So if I need to spend a million dollars over the next year, but I have a million and a half, then I have half a million dollar surplus, which is always a good thing.
"Inflation/deflation". "Inflation" is when prices of goods and services go up, but wages stay the same. So, basically, the purchase power of the individual goes down. You have the same amount of money, but you can buy fewer things or you can hire fewer people to do to have services for you. "Deflation" is the opposite. That's when prices go down, and the value of your dollar or your currency goes up. Both situations are not good.

Economic profit vs accounting profit | Microeconomics | Khan Academy

Difference between a firm's accounting and economic profit
Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/economic-profit-tutorial/v/depreciation-and-opportunity-cost-of-capital?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/types-of-indifference-curves?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics
Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy

Production Possibilities Curve- Econ 1.1

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the UltimateReviewPackethttp://www.acdcecon.com/#!review-packet/czji

Micro Unit 1 Summary- Basic Economic Concepts

The MicroUnit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my UltimateReviewPacket. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production possibilities curve, and comparative advatage. I also show you the quick and dirty (22:22). Don't worry, it's school appropriate. Thanks for watching and please subscribe.
The Ultimate Review Packet
https://www.youtube.com/watch?v=SxBL54a3-QQ
Macroeconomics Videos
https://www.youtube.com/watch?v=XnFv3d8qllI
Microeconomics Videos
https://www.youtube.com/watch?v=swnoF533C_c
Watch Econmovies
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Crash Course

Plot

Crash Course centers on a group of high schoolers in a driver’s education class; many for the second or third time. The recently divorced teacher, super-passive Larry Pearl, is on thin ice with the football fanatic principal, Principal Paulson, who is being pressured by the district superintendent to raise driver’s education completion rates or lose his coveted football program. With this in mind, Principal Paulson and his assistant, with a secret desire for his job, Abner Frasier, hire an outside driver’s education instructor with a very tough reputation, Edna Savage, aka E.W. Savage, who quickly takes control of the class.

The plot focuses mostly on the students and their interactions with their teachers and each other. In the beginning, Rico is the loner with just a few friends, Chadley is the bookish nerd with few friends who longs to be cool and also longs to be a part of Vanessa’s life who is the young, friendly and attractive girl who had to fake her mother’s signature on her driver’s education permission slip. Kichi is the hip-hop Asian kid who often raps what he has to say and constantly flirts with Maria, the rich foreign girl who thinks that the right-of-way on the roadways always goes to (insert awesomely fake foreign Latino accent) “my father’s limo”. Finally you have stereotypical football meathead J.J., who needs to pass his English exam to keep his eligibility and constantly asks out and gets rejected by Alice, the tomboy whose father owns “Santini & Son” Concrete Company. Alice is portrayed as being the “son” her father wanted.